SAN FRANCISCO, Feb. 9, 2024 /PRNewswire/ -- Cascading AI , a cutting-edge fintech startup founded by alumni of Stanford University and Y Combinator, is thrilled to announce the successful completion of its $3.9 million pre-seed funding round to unlock $1 trillion in value of advanced AI for the global banking industryCasca, the flagship product of Cascading AI, is revolutionizing the lending landscape as the first AI-native Loan Origination System.Cascading AI Secures $3.9 Million in Pre-Seed Funding to Revolutionize the Banking Industry with AI-native Software Post this"The real game changer is our AI Loan Assistant, Sarah," says Lukas Haffer, CEO of Cascading AI. "Imagine a small business owner applying for a loan on a Friday evening and waiting 72 hours for a response from a loan officer. With Casca, they receive an email response within minutes from Sarah - who leads them through the entire application process. Sarah is infinitely patient and infinitely kind; every loan applicant receives the care and attention they deserve."Casca is already showing results by achieving nearly 3x higher conversion rates and reducing manual effort in the back office by 90% compared to traditional methods."We've just seen tremendous success with Casca, even in the first months," said Ryan Hildebrand, Chief Innovation Officer at Bankwell Bank, Casca's first customer. "Casca helps bring leads that are five or six times the quality of what was coming in through organic marketing."The pre-seed funding round was led by Peterson Ventures, a renowned investor in the vertical SaaS sector known for identifying disruptive startups

Cascading AI recently secured pre-seed funding from a consortium of investors, including Peterson Ventures, Y Combinator, The Sarah Smith Fund, and Clocktower Technology Ventures.

Y Combinator の2023年夏バッチのデモデイに集まった起業家の皆さんImage credit: Y Combinator. 先週、Y Combinator （YC）が2023年夏バッチのデモデイを開催した。24,000チームの応募から200チームが選ばれ、発表した企業の75％は採択時点でマネタイズができていないアーリースタートアップだった。コロナ禍ではオンライン参加が多かったこともあり世界中のスタートアップが集積したが、コロナ沈静化で対面制に復帰したこともあり、多くの採択チームがサンフランシスコに拠点を置いていた。. 分野でみると、採択チームの7割が B2B SaaS／エンタープライズ分野だった。また、今バッチの最大の特徴は AI 関連が多く採択されたことだ。60％以上の企業が AI 関連であることがわかった。YC のデモデイはシリコンバレーで最も人気のあるアーリー投資イベントの一つだが、投資家たちの関心が以前と同じではないということがわかる。投資家たちは、デモデイ登壇よりも前に全チームに会う機会を得て、条件が合えば投資を実行しているそうだ。